3 Bim Flashcards
in what country did the industrial revolution start
england
during the first stage of the industrial revolution, which resources were most important
Coal and iron
what did eli whitney main contribution was to the industrial revolution
Mass production
Factors of production
Labor, capital, and land
james watt invention that changed economy, transportation and marked birth of factory system
Steam Engine
Eli whitney invention supposed to help slaves in southern USA but ended up being a tool of explotation
Cotton Gin
one of the most succesful railroads in britain during the industrial revolutionwas between the city of manchester and
Liverpool
Who introduced the assembly linne in 1913
Henry ford
where were the brothers wright, inventors of the airplane from
USA
Which country had the most powerful empire durin the 19 century
Great britain
How do you become part owner of a corporation
buying stocks
what does the term “Laissez Faire” mean
Let Do
By who was formed the triple alliance
Germny, Italy and austra hungary
Who wwrote the wealth of nations
Adam Smith
which werw the natural laws of economics
Law of competition, law of self-interest, law of supply and demand